ACIT, CENTRAL CIRCLE-II, LUCKNOW, LUCKNOW vs. RAKESH KUMAR PANDEY, GONDA U.P.

In the result, the outcome of the appeals and Cross Objections are as under:

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

TDS provisions. d. We have not been provided with the stock records by the assessee. Item wise Quantitative details of stock could not be furnished due to nature of business and large number of items. So, we are unable to give the item wise quantitative details of stock in Para no. 35(b) of Form 3D. e. Valuation of closing

RAKESH KUMAR PANDEY,GONDA vs. DCIT/ACIT(CENTRAL)-2, LUCKNOW

TDS\nprovisions.\n27\n2021-22\n4.1 / 2\n4.1 follows: The Auditor, in his audit\nreport dated 08.03.2022, in Form No. 3CB\nhas commented as\na. It is not possible to ascertain GP ratio\nin such type of business.\nb. As explained to us, entity has not\nmaintained quantity wise reconciliation of\nstock.\nc. Sundry debtor, creditors and loans &\nadvances